Skip to main content

About your Search

20121108
20121108
SHOW
( more )
STATION
KGO (ABC) 1
SPONSOR
Search Results 0 to 49 of about 169 (some duplicates have been removed)
MSNBC
Nov 8, 2012 2:30am PST
obama dove right back into politics that loom over the fiscal cliff debate. he and his family returned to washington where the president called congressional leaders to talk about finding bipartisan solutions to reducing the debt, cut middle class taxes and create jobs. house speaker john boehner said under the right conditions republicans would consider new sources of raising revenue, but only if the president took an inclusive approach. >> mr. president, this is your moment. we're ready to be led, not as democrats or republicans, but as americans. we want you to lead, not as a liberal or conservative, but as president of the united states of america. we want you to succeed. let's challenge ourselves to find the common ground that has eluded us. let's rise above the dysfunction and do the right thing together for our country. >> senate majority leader harry reid said he was open to bargaining. >> we can achieve big things if we work together. that's what the american people said last night in a big way. i'm going to do everything within my power to be as conciliatory as possible. i wa
MSNBC
Nov 8, 2012 5:30am EST
" "back to work, obama greeted by looming fiscal crisis." the "financial times," this morning, rex ryan wins? a new players poll that ranks him as the most overrated coach. his two quarterbacks recently received similar honors. steven colbert can barely drag himself out of bed after the election. we'll get a report o from richard engel on how the rest of the world is reacting to our presidential election. all that when the penultimate "way too early" comes right back. >>> to all americans i say that the next four years are going to be difficult and challenging years for us all. the election may have been a close one, but i think that there is general agreement by all of our citizens that a supreme national effort will be needed in the years ahead to move this country safely through the 1960s. [ male announcer ] do you have the legal protection you need? at legalzoom, we've created a better place to turn for your legal matters. maybe you want to incorporate a business you'd like to start. or protect your family with a will or living trust. legalzoom makes it easy with step-by-step help w
PBS
Nov 7, 2012 7:00pm PST
so-called fiscal cliff. investors worry obama will be unable to resolve the crisis with the house of representatives still controlled by the republicans. the key index on the new york stock exchange fell sharply when markets reopened after the election. the dow jones industrial average at one point lost over 360 points. the index finished the day at 12,932, down 2.3% from the previous day's close. new york stocks dliped from the start as investor concerns shifted to how obama will address the country's economic challenges. they're particularly worried the fiscal cliff could weigh down u.s. growth into the new year. >> it's a pretty sad day for wall street. >> i don't think it's for the best of the country. i had a good feeling that romney was going to be a better candidate for the economy. not bowl. obama. >> many offices in history manhattan remain closed. new york city officials have struggled to turn power back on after hurricane sandy hit last week. >>> following an overnight plunge on wall street tokyo share prices are falling thursday morning. the key nikkei arm now currentl
FOX News
Nov 8, 2012 5:00pm EST
. >> andrea: we never heard of obama's fiscal cliff leading up to the election. >> dana: on the front page of the "new york times" today. coming up, the obama administration repeatedly blamed this american film-maker, right there, you see him, for attacksen in n libya and muslim riots in the middle east after september 11. now he is held in jail for a year. greg gutfeld has intriguing proposal for the president. it's worth sticking around for. be right back. ♪ ♪ where others fail, droid powers through. introducing the new droid razr maxx hd by motorola. now more than ever droid does. aww, nothe mall. well, i'll do the shopping... if you do the shipping. shipping's a hassle. i'll go to the mall. hey. hi. you know, holiday shipping's easy with priority mail flat rate boxes from the postal service. if it fits, it ships anywhere in the country for low flat rate. yea, i know. oh, you're good. good luck! priority mail flat rate boxes. online pricing starts at $5.15. only from the postal service. >>> i'm bret baier in washington. the big story here today is iran making a move against an
Univision
Nov 7, 2012 6:00pm PST
fiscal, que genera'ria desempleos, alentó a obama a negociar con lideres poltiicos para evitar aumento de impuestos o recortes . >> democratas obtuvieron la mayoría en california , lo significaria que podrían aumentar impuestos, por primera vez el partido en el poder tienen la mayoría de un tercio, necesitaban lois escaños para tener 54 puestos . >> en california varias propuestas estuvieron en juego , la proposición buscaba aprobar la tercera es la vencida y así lo fue . >> un analista nos explica el significado de esta aprobacion . >> si una personas roba algo pequeño en un restaurante y era sentenciado a 25 años de cárcel . >> mientras tanto la proposición 35 recibió un enorme apoyo, de modo que se endurecerán los castigos contra personas que trafican humanos . >> deben ser sometidos al esctrutinio público, las sentencias aumentan . >> por otra parte la proposición 34 buscsaba abolir la pena de muerte y fue derrotada (información en pantalla) . >> los votantes demostraron que realmente considera que la pena que se debe aplicar debe ser la condena a muerte en a
Univision
Nov 7, 2012 11:00pm EST
... buenas noches...bienvenidos!!! ... un dia despues de obtener la reeleccion, el presidente barack obama tiene poco tiempo para celebrar el triunfo pues ahora debera enfrentar un problema fiscal inminente, y un congreso dividido, con la camara baja, todavia en control republicano y el senado con mayoria democrata... pero que significa esto para el tema migratorio?... fernando pizarro, nos tiene mas ... el senador democrata electo por virginia, tim kaine, senalo hoy que espera que el partido republicano se mire al espejo y sea mas abierto para trabajar con los democratas, en la busqueda de soluciones para evitar el inminente reto fiscal y reformar las leyes migratorias de la nacion... kaine, derroto con 51 por ciento de los votos, contra 49, al ex senador republicano george allen... kaine, dijo que los republicanos no deben seguir siendo tan duros con los votante latinos, y que es importante construir puentes para buscar soluciones conjuntas en el 2013... la participacion de los latinos se hizo presente en las urnas, pero esto que significa para temas que son importantes para nuestra comu
CNN
Nov 8, 2012 6:00am PST
! next. now it's time to tackle the fiscal cliff, unless president obama and the republicans make some sort of deal. both sides first need to feel the political love. they're already flirting. >> tonight, you voted for action, not politics as usual. you elected us to focus on your jobs, not ours. in the coming weeks and moths, i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> the american people have spoken. they've re-elected president obama and they've again re-elected a republican majority in the house of representatives. there's a mandate in yesterday's results it's a mandate for us to find a way to work together on the solutions to the challenges that we all face as a nation. >> oh, but political love is fleeting between democrats and republicans. although partisan bromance is possible. remember ronald and tip back when reeboks and stone washed jeans were hip? why not john and barack? they had a golf beer summit. that is, they played 18 holes and had a beer. can you say quadruple bogey? they're
PBS
Nov 7, 2012 6:30pm PST
optimist or a pessimist. at the end of this year, there is this fiscal cliff. president obama has to solve it. austerity measures, a huge increase of taxes -- all this is going to happen if democrats and republicans do not come together, so i can offer three scenarios -- the first would be that there is no willingness of compromise, that they will just take the can down the road. it would be disaster for the u.s. and the rest of the world. second scenario -- a new willingness of compromise and coming together, and i do not think this is likely to happen, so there is scenario 3, that everybody has to give up something. this would mean, for example, for democrats that they will have to accept that there will be strong cuts in entitlements -- health care, for example. it would mean for republicans that they have to agree on higher taxes for the wealthy, for example. are they able to do all that by the end of this year? i do not think so, so i think they will buy time, and they will say this congress right now will agree on a couple of things but cannot solve all the problems until the e
CNN
Nov 8, 2012 5:00am EST
of president barack obama, but one of the driving factors, the. looming fiscal cliff. >> christine romans is here to explain. >> the election is a status quo, it's a divided congress, it is the president in for a second term, but it has also reset the stage. and now all the players are coming out and putting their markers out, about where we're going to be for the fiscal cliff and negotiating it. we have 54 days to fix it. and a reminder, the fiscal cliff is massive tax increases and spending cuts that hit all in the beginning of the year. let's listen to what majority leader john boehner said. let's listen to him. >> a stronger economy means more revenue, which is what the president seeks. because the american people expect us to find common ground, we're waiting to accept some additional revenues via tax reform. >> additional revenues via tax reform. okay, that's a little bit. he gave a little bit there. he's not saying he's going to raise taxes on the rich, which is the white house would like to do, but he is saying that maybe, maybe they'll be open to closing some loopholes so
CNN
Nov 8, 2012 2:00am PST
. >>> president obama reaching across the aisle to avoid the fiscal cliff. he called house speaker john boehner yesterday, congressional leaders from both parties conceding that tuesday's election was a call to compromise. >> there's an alternative to going over the fiscal cliff by working together and creating a fair er, simpler tax code. >> this isn't something that i'm going to draw the lines in the sand. he's not going to draw any lines in the sand, i don't believe, and we need to work together. >> the ceo of a global asset management firm puts the odds at 30% to 40% that the u.s. will fall off the fiscal cliff. let's hope he's wrong. >> don't break out the cheetos or gold fish yet. that warning from colorado governor john looper after his voters legalized the recreational use of marijuana. that setting up a possible legal battle with the justice department. so this statement from the dea, "the drug enforcement administration's enforcement of the controlled substances act remains unchanged. the department of justice is reviewing the ballot initiatives and we have no additional comme
FOX
Nov 8, 2012 5:00am EST
divvded congress plus a re-elected president obama -3 pould equallfinanciaa turmoil. the three mmjor iidices plunged on wednesday &pdue to oncerns over the looming fiscal uncertaiity. john lonski / senior economiit at moody's capittl markets:"...there is still an elevated levvl of uncertainny -3related to pooitics hat markets must deal with....'' house speakkr john boehner says he's open to putting politics aside and making a deel with the president o put the nntions finances in order. rep. john boehner / (r-oh) speaker of the house"...the preeident has signaled a willinggess to dootax reform to ower rates. republlcans 3 aacept new revenue if it comes froo rowwh nd refoom. so, pet's start the discussion -3 political analyst says tte &ppepublicans' willingness to come to terms on a deal could & be the result of public pressure.dr. danny hayee / 3 george washington university: "...it certainny does mean that they have to worry about -3 rrnning afoul of public opinioo at their peril,,having just suffered a loss..." domestic issues aside, he ability of theetwo ssdes to reach an agreement
CBS
Nov 8, 2012 4:30am EST
success. >>> both parties are willing to compromise on a deal to avoid that fiscal cliff. president obama called leaders to start negotiations to deal with the issue. house speaker john boehner said he's willing to compromise on raising some taxes. >> sounds good right? compromise. have we heard that lately? vice president joe biden says the obama administration is willing to compromise as well. the cliff is an across the board tax increase in spending cuts coupled at the same time and that's scheduled to kick in at the end of the year. economists say the impact could push america into another recession. >> the no steps are taken cuttings will cost you some real none. gary nuremberg as more on the sequestration issue. >> reporter: congress couldn't get a deal to cut the deficit. going off the fiscal cliff means crashing into your home. >> if we go over the fiscal cliff, we will increase taxes by $500 billion through 2013. that's an average tax increase of $3,500 for every household in america. >> reporter: then, there is sequestration. months can months ago congress said we'll impos
KCSMMHZ
Nov 8, 2012 6:00am PST
. president barack obama spent little time basking in his reelection win. white house officials and members of congress have already returned to the bargaining table. they're hoping to avert a fiscal crisis by reaching a budget deal. obama spoke with democratic and republican congressional leaders on wednesday shortly after the election. the president sought bipartisan support for deficit cuts and tax reforms to avert a so-called fiscal cliff. the combination of automatic tax increases and spending cuts could push the u.s. economy back into recession. house of representatives speaker john boehner said republicans are ready to work with the president on tax reform. many republicans want to keep tax cuts for the wealthy, but democrats are opposed. >> mr. president, the republican majority in the house stands ready to work with you to do what's best for our country. we're willing to accept new revenue under the right conditions. >> boehner said obama obama must reduce spending and overhaul entitlement programs. republicans then would be willing to back programs aimed at raising federal
ABC
Nov 7, 2012 11:00pm EST
eyes are shifting to the challenges that the nation faces. one of those is the so-called fiscal cliff that could impact thousands. autria godfrey has more on what is in store. >> back in washington, back to reality, president obama returned to d.c. today with another four years, but still battling for bipartisanship as we careen toward the so-called fiscal clef. he is already demanding the two parties make peace. >> he won reelection with a middle-class economic strategy based on the middle class. it is incumbent then, the parties work together to avoid that fiscal issue and light a path for economic growth. >> that is easier said than done. president obama was hoping to kickstart compromise when he called a key congressional leaders including house speaker john boehner. >> what we can do is avert the cliff in a manner that serves as a downpayment on major solutions and actions in 2013 to begin to solve the problem. >> the problem is the massive military cuts and tax hikes that could hit the middle class come january if congress does not come up with a plan. poised to get hit th
CSPAN
Nov 8, 2012 7:00am EST
for obama." guest: i think that the second to the fiscal cliff. if all of the bush era tax cuts expire without any renewal, and all of the sequestration, across-the-board spending cuts take place, some economists estimate two, three, four points off of gdp, plunging the country into another recession. the best job plan for the president is making sure those things do not happen, and then after that we will see what he proposes again, whether it is a mix of tax cuts for small businesses and stimulus, but that is the primary focus. host: what about the immigration reform, margaret talev? when does that come up? guest: in some ways it already has. you saw the latino turnout, 70%, which set up latino activists saying basically to obama that you owe us. even states like texas and their future, there is discussion about that, but how have -- how fast will that happen with the fiscal cliff and divisions among the republican base and among the democratic party, moderates against liberals, it is complicated to figure out how big you can go with immigration in a year where the grand barga
MSNBC
Nov 8, 2012 12:00pm EST
million they spent may -- was a point or two, so barack obama going into the fiscal cliff, everything else, instead of winning with 52% of the vote he won with 51, 50%, whatever. they forced the seiu and other groups to spend tens and hundreds of millions of dollars, too and it what's disproportionate about it, it was a couple of what i call venting billionaires, billionaires, you can call them, able to get everybody else to go crazy, spend money, and i do think, you know, in ohio, sherrod brown had to find an extra $20 million. what could have been done with time and opportunity? >> and money. how it could have better been spent. >> there's an impact here in opportunity comer costs. they had an impact and they tilted the playing feel. and on that tilted playing field obama and the democrats still won. >> what happens next. your argument reminds me of the republican argument in favor of cutting taxes to spur economic growth. david had a great chart, as you cut taxes, the gdp shrinks. there's no evidence thus far. but the -- >> they've been doing that for a year. >> my two sources. my
ABC
Nov 8, 2012 6:00pm EST
departments besides the fiscal cliff we have been talking about. president obama's said he will talk about this issue on friday. this year's elections will affect the wedding business. >> planners are bracing for a spike in bookings thanks to voters' approval of same-sex marriage in maryland. we have that story for you at 6. >> from the voting booth to wedding vows. same-sex couples got the right to marry. those who stand to make a profit are hearing a buzz. >> this will -- we will see an uptick. >> gayweddings.com is a resource. since states approved gay marriage, she has seen [inaudible] >> let's learn more and find more resources. >> actual marriages will not be allowed until after general one when the law takes effect. cities are trying to lure couples by creating a new international web site. there were to be an option for those looking to marry now that the law passed. >> that day i got an e-mail from a couple i had married in d.c. to years ago. she is an interfaith minister who performed ceremonies. she said she has witnessed many maryland couples flock to d.c. to say i do. >>
FOX Business
Nov 7, 2012 9:00pm EST
again. gerri: the ection is over and obama back in office all eyes on the fiscal cliff speak as taxpayers will be hit. many organizations including blackrock took out ads in papers to warn about the impending disaster. joining me now barbara from blackrock it is of pleasure. why does blackrock think it is a big issue? >> look negative up of fiscal cliffs it is about jobs we raise taxes a lot come is sequestration, the economy, we went after the clients and they agreed to cosign the letter to express ncern to get in front of it. not discussed uring the debate but the morning after it is the only thing you see gerri: today fitch's warned they would downgrade the debt if we don't do something to prevent it. -- we're talking allows $600 billion. generally it is a bullish tax cuts the patch for the amt, the death tax and huge spending cuts in defense. the cbo said it will cut growth dramatically as much as 1.3%. do you agree? >> yes. but the sequestration cuts are not just about defense may be disproportionately but it is education, every sector will be subject to ts. if you are the
FOX News
Nov 8, 2012 2:00am PST
fiscal cliff rapidly approaching the fundamentals here haven't changed all that much. president obama arrived back along with the first family getting ready to settle in for another term. not much time to celebrate. the fiscal cliff is approaching just down the street at the capitol. they could start hammering the combination of spending cuts and tax hikes. after tuesday does the president really have a mandate to raise taxes on the wealthy something he has pushed for years. senate maorijority leader harry reid says yes. >> this is the message american people sent from all over. that is they are tired of these partisan gridlock. >> republicans look at the impact they have on hiring with the unemployment rate still just shy of 8 percent. house republican speaker john boehner is showing a willingness to raise revenue if it involves simplifying the tax system and not just raising rates. >>> the american people have spoken. they have re-elected president obama. they have again re-elected a republican majority in the house of representatives. if there's a mandate to yesterday's results it'
CBS
Nov 8, 2012 6:00am PST
joe biden says the obama administration is willing to compromise, as well. the "fiscal cliff" is across- the-board tax increases and spending cuts scheduled to kick in at the end of the year. >>> the market hopes to recover today from its worst day of the year. here now is jason brooks with kcbs and cbsmoneywatch.com. >> reporter: good morning. good day to compromise on the "fiscal cliff." it's going to be absolutely key. that was one of the main reasons why the market dropped so much yesterday along with ongoing concerns about europe's debt crisis. the dow down 300. the market coming back a little this morning. we have economic reports that may be helping out a little. labor department reporting that first time unemployment claims falling by 8,000 to 355,000 last week. important to know that these numbers are going to be skewed for weeks because of hurricane sandy. they might be lower and we might see a surge in a month because of that. the u.s. trade deficit in september falling to its lowest level in two years down to $41.5 billion. 5% off the month before. ex-sports were up o
MSNBC
Nov 8, 2012 12:00pm PST
position has been unanimous, absolute, and impossible to break. the gradual fiscal slope gives obama and democrats something they haven't had that often, leverage. all they have to do to get rid of the bush tax cuts on the rich is nothing. sit on their hands between now and january 1st and they will go away, and then there will be time, plenty of time, for obama and the new more liberal senate to set the terms for a truly balanced deal with republicans. one that extends the bush rates for the middle class, spares millions of americans from the amt and averts the worths of the spending cuts and, wait for it, actually includes a modest tax hike on income over a quarter of a million dollars. for all the republicans out there, yes, entitlements could probably be part of that deal, too. if the bush tax cuts for the rich are ever going to disappear, this is how it has to happen. i don't know if obama and democrats will have the will and the courage to
NBC
Nov 8, 2012 4:30am EST
afternoon. >> it will warm up and melt off. >>> president obama is back at the white house this morning where he will begin to work with congress on taxes, spending, and the national debt. to avoid that so-called fiscal cliff. nbc's trais si potts is in washington. >> reporter: good morning. he's back here and the real work begins starting with the economy including that fiscal cliff that you mentioned, taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring. a big cut in medicare payments. and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already ann
CW
Nov 7, 2012 9:00pm CST
so-called fiscal cliff president barack obama spoke with the senate majority leader harry reid about the need for bipartisanship in a news conference today the speaker hinted that republicans are willing to rethink how they negotiate with the president moving forward. >> we are ready to be led, not as democrats or republicans but as americans. we want you to lead not is a liberal or conservative but as president of the united states of america. >> the speaker says he is not suggesting that republicans compromise on their principles but he says they need to create a common ground. harry reid meanwhile help his own news conference today saying both parties will have to work together to tackle the deficit but added last night the american people send a clear message to congress that people making all this money have to contribute a little bit more. >> $6 billion on the entire election and not much change the balance of power remains the same in congress, democrats will pick up a few seats but not nearly enough to overtake the strong republican holds into they strengthen their advantage
NBC
Nov 8, 2012 6:00am EST
looming fiscal cliff just a day after president obama re-election. john boehner extending an offer to come up with a resolution. >> mr. president, the republican majority here in the house stands ready to work with you, to do what's best for our country. that's exactly what i told the president earlier today. that is the will of the people and we will answer to them. >> reporter: at the start of next year, if an agreement isn't reached, an almost 5% rise in tax rates will go into effect, which could push the united states back into a recession. >>> walmart releasing its black friday promotions today, announcing deals on three hot electronics items to attract shoppers. the company will be giving away $75 walmart gift pads with the purchase of an apple ipad 2, but shoppers might be in store and in line between 10:00 p.m. and 11:00 p.m. the night of thanksgiving to get that deal. walmart is also cutting a price on a 32-inch emerson hd tv, selling it for $148, and will also be selling $38 blu-ray dvd players as part of its promotion. i know where i'll be after i have my turkey on thanksgi
CNN
Nov 8, 2012 11:00am EST
, how does that have any bearing on whether it was obama or romney. that fiscal cliff is there. >> one things i think stocks did not continue yesterday to si sell-off in part because of the sound bites you play, the first day after the election, the major players coming out. >> people are that gullible? >> it's not gullible. investors need a signal they will get this fixed. the stock market is still down. it didn't rally. the world needs a signal the biggest economy and the biggest democracy in the world is not going to fall apart over partisan politics. >> the president's victory speech where he said he need to work together, et cetera, that's not enough of a signal? >> they need to show how. i need to see them dancing, not fighting. i need to see exactly what john boehner, the speaker of the house, means by, we're open to additional revenues if, you know, we need to know what that's going to be. the they will be the classic washington horse trading start to begin but we haven't had that horse trade for a long time. that in of itself is progress. >> too busy campaigning. >> yo
MSNBC
Nov 8, 2012 3:00pm EST
this time. a brilliant and passionate man, dylan radigan would lead us into a few financial fiscal economic future. i love it. >> your romney idea, though, i got a perfect place for him in the obama administration. secretary of health and human services whose main job is to implement obama care. who would know better than the guy who came up with the idea? >> that idea i do like. the cabinet of tomorrow, and next up we put the spotlight on the senate. majority whip dick durbin is calling for a more positive path forward. we have his former senior aide jimy williams in the guest spot. here's a booking producer, tammy favorite police song "message in a bottle." ♪ you are my sunshine, my only sunshine ♪ ♪ you make me happy [ female announcer ] choose the same brand your mom trusted for you. children's tylenol, the #1 brand of pain and fever relief recommended by pediatricians and used by moms decade after decade. >>> don't stand so close to me is my police song. seats are almost evenly he split representing a divided electorate, and the man tasked with bringing everybody togethe
FOX News
Nov 8, 2012 5:00am EST
unemployment and 16 trillion in debt president obama has been re-elected. what will four more years of his policies mean for the economy and specifically for your wallet? cheryl cos knee has more. >> the fiscal cliff is baying one. >> it is the most immediate problem we have. the president will play a key role in this. he is still standing by wanting to tax those making 250,000 and more a year. that is an issue republicans don't want that. $3,500 per household. we are talking more than $500 billion. this will be a rough patch for the economy especially if a lot of cuts come in. >> the stock market not optimistic. >> we lost a lot of -- we lost ground on the dow yesterday. blowsed below 13,000 for the first time since the month of june. we only lost 312. we were down 369 at one point yesterday. investors are worried health insurance stocks we were talking about that. that will be more of a cost for them. cost control for the healthcare law. that is another issue we are dealing with as well. little bit of positive news. i will say this. mortgage rates are going to stay low. we believe ben be
CNN
Nov 8, 2012 4:00am PST
. christine will get those numbers to you as soon as we get them. no fiscal honeymoon for president obama, that's the warning from fitch ratings, coming hours after his re-election. they've threatened to lower the nation's aaa credit rating. with congress still divide it could take a while to reach any kind of compromise. speaker john boehner told reporters not to expect any long-term solution any time soon. >> we won't solve the problem of our fiscal balance overnight and certainly not in a lame duck session of congress and it won't be solve d simply by raising taxes or taking a plunge off the fiscal cliff. what we can do is avert the cliff in a manor that serves as a down payment on and catalyst for major solutions enacted in 2013 to begin to solve the problem. >> austan goolsbee, professor of booth school of business, and former chair on the economic advisers. great to have you back with us. great to see you. >> great to see you, soledad. >> thank you. appreciate t we have a little chart of this. for folks who are trying to figure out what the fiscal cliff really is, here is a look. au
NBC
Nov 8, 2012 11:00am PST
president obama to get back to work. the president has a big-time problem on his hands and it has to do with your money. nbc's tracie potts has the details on the nation's looming fiscal cliff. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress, urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring. a big cut in medicare payments and your taxes going up january 1 if congress doesn't act. plus, another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced its second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal because the cuts are severe and the tax increases are severe. and so we've got to find a path forward. >> reporter: on capitol hill, leaders signaled compromise. >> compromise is not
FOX
Nov 8, 2012 5:00am EST
are promising cooperation toed a vote so-called fiscal cliff. president obama and the first family arrived back in washington last night. the white house and congress will have to address tax hikes and budget cuts that automatically kick in in the new year. it affects all americans and up until now, the republicans have blocked the president's proposal to raise taxes on the wealthy. >> if there is a mandate in yesterday's results, it is a mandate for us to find a way for work together on the solutions to the challenges that we all face as a nation. my message today is not one of confrontation but one of conviction. >> there will likely be cabinet chains in the president's second term. most speculation is that president obama will have to pick a new secretary of state and treasury secretary. ry secr >>> wall street greet a second obama term the same way it greeted the first way huge post- election selloff. the dow jones industrial average plummeted over 300 points in its worst loss of the year. the losses extended to asian and european markets today. plunge in the dow came after wor
ABC
Nov 8, 2012 6:00am PST
mr. obama and congress must tackle the so-called fiscal cliff looming ahead. january 1st, an 800 billion dollar tax cut will expire. that will mean tax hikes and spending cuts kick in unless there's a deal. coming up our katie marzullo will have more. >>> traffic and weather together, next. >>> live look outside now before the rain comes this is the san mateo bridge deck dry, traffic moving fine.g5ç mike will tell us when rain will arrive in your neighborhood today. sue will check your commute. >>> you know about black friday how about black thursday. how wal-mart is getting a bigger >>> here's doppler out of eureka showers even moderate showers no thunder out of this storm yet we did have a few claps of thunder over the sierra as the rain has changed over to snow. winds are slowing now the cold front is moving away from us. gusts up to 30 in oakland we were in the 25 to 35 degree range for several hours this morning. breezy and cooler through 7:00, 40s and 50s, showers into the north bay, by noon into the heart of the bay noon to 2:00 in the south bay 2 to 4:00 does for 50s goi
NBC
Nov 8, 2012 6:00am PST
exactly is this so-called fiscal cliff? and will president obama and congress be able to avoid it through some kind of compromise? for those answers and more, let's take it over to tracie potts. she is live on capitol hill this morning hopefully with some clear picture of what lies ahead. good morning. >> reporter: good morning. the fiscal cliff is something that can affect your family, something that can affect the federal budget and something that the folks here in washington need to deal with pretty quickly. essentially there are a number of things that are all expected to happen before the end of the year, all put together or considered this cliff. long-term unemployment benefits especially in states with high unemployment, like california, expiring. the 2% payroll tax cut expiring. medicare payments to doctors and hospitals facing a major cut. the bush tax cuts, they go away january 1st without action. and automatic spending cuts including $500 billion to the pentagon. defense contractors already bracing for that one. so is there a spirit of compromise here? >> compromise is
ABC
Nov 8, 2012 5:00am PST
fiscal cliff. the president and family -- hurricaned to the white house last night mr. obama had already been on the phone with top leaders of the house and senate all involved in staking out opening positions. katie marzullo will have more in the next half hour. >>> students enrolled in the california state university system are getting a refound thanks to voter approval of prop 30. the measure rolls back all of this year's fee increases at state university campuses. many students will get back $249 at the end of this month, in the form of a direct deposit. other campuses are crediting students for next semester. tuition will revert back to last year's numbers $5500. >>> does attorneys around the state are preparing to ask judges for reduced sentences for thousands serving life in prison for minor crimes. this follows the passage of prop 36 tuesday, revision to california's three strikes law. up to 3,000 prisoners could apply to be released or get a shorter sentence. public defenders say it could take up to two years. prop 36 was passed with nearly 69%. >>> in the laugh half hou
PBS
Nov 7, 2012 5:30pm PST
fiscal cliff, i believe john paraphernalia is sincere he would like to do something with obama, and obama would like $2.anist of spending cuts for every $1 in tax increases. can they sell that to their bases? much harder to know. >> woodruff: the president did reelection, he won barely, but he won a majority, being sent back to office-- into fice for a second term. doesn't that count for something? >> it does count for something, judy. the president is the only nationally elected officeholder. each of the people who is elected and will be taking the oath of office on the first day of the new session is himed and herself elected as well. i just hope that the republicans would learn, and the democrats as well, from the great lesson of ronald reagan. take one of the eat conservative icon's words, someone who is with us 80% of the time, he is our ally and friend-- or she is ally and friend now that there are so many women in the senate-- and not our opponent, not a traitor. and i think this has punished the republicans in their nominating process. i think sometimes it punishes the teams
CBS
Nov 7, 2012 6:00pm PST
. that so-called "fiscal cliff" still losing president obama wasted no time so this day after the election he hit the ground running working the phones reaching out to congressional leaders. the question now, though, will it work? president obama is headed back to washington after a bitter battle to win a second term and he used his victory speech to reach out to the other side. >> in the weeks ahead i also look forward to sitting down with governor romney to talk about where we can work together to move this country forward. >> reporter: the two men finally agreed on something with governor mitt romney also calling for compromise. >> at a time like this we can't risk partisan bickering and political posturing. our leaders have to reach across the aisle to do the people's work. >> reporter: voters put president obama back in the white house but they also chose a divided congress recreating the same recipe for gridlock. amend democrats are hanging on to the senate -- and democrats are hanging on to the senate where democratic majority leader harry reid said he is not going to let t
PBS
Nov 7, 2012 6:30pm PST
than it was four years ago. in fact the dow gaining about 60% since president obama's took office in january 2009. suzanne pratt, "n.b.r.," new york. >> susie: in washington today, a lot of talk about the need to get an agreement on the fiscal cliff, and to reach a bi- partisan solution. but as darren gersh reports, both sides are still trying to figure out the message of the election, and may be reluctant to compromise for now. >> reporter: the voters have spoken and house speaker john boehner says he has gotten the message. >> because the american people expect us to find common ground, we're willing to accept some additional revenues via tax reform. there's a model for tax reform that supports economic growth. >> reporter: does that mean house republicans are now willing to accept higher taxes on those making more than $250,000? not exactly. boehner says he will only raise more money from taxes under what he called the right conditions. >> does the increased revenue come from government taking a larger share of what the american people earn through higher tax rates? or does it com
WHUT
Nov 8, 2012 7:00am EST
the election victory because of a straight back to business for president obama. on top of his agenda, avoiding the so-called fiscal cliff, the round of tax rises and spending cuts which will be triggered just a few weeks' time. if a budget deal is not reached with the republicans. this report from washington. >> the president returns to washington, for the white house for four more years. he visited his campaign workers to thank them and many here are marveling about the effectiveness of his get-out- the-vote effort. that you washington, well, politics and an urgent task for the reelected president -- what to do about the so-called fiscal cliff? massive automatic tax rises and spending cuts are imminent unless republicans in congress in the president can agree on how to avert them. >republican leaders expressed willingness to compromise. >> mr. president, this is your moment. we are ready to be lead. not as democrats or republicans, but as americans. we want you to leave it -- not as a liberal or conservative, but as president of the united states of america. >> and the market
NBC
Nov 8, 2012 4:00am PST
gusts, so an impressive early-season nor'easter. >> bill, thanks so much. >>> well, president obama is back at the white house this morning where he will begin to work with congress on taxes, spending, and the national debt to avoid that so-called fiscal cliff. nbc's tracie potts is in washington with the latest on that. tracie, good morning. >> reporter: lynn, good morning. that big party in chicago over, the president now back here in washington dealing with congress and about to deal with some serious financial problems that could hit before the end of the year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress, urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1, if congress doesn't act. plus, another $500
MSNBC
Nov 8, 2012 2:00am PST
headed east. >> there's a bit of a relief. >>> president obama is back at the white house this morning where he's going to begin to work with congress on taxes, spending and the national debt. to avoid that so-called fiscal cliff. nbc's tracie potts is in washington with the latest on that. tracie, good morning. >> reporter: good morning everyone. the party is over now in chicago. he's back here, and the real work begins starting with the economy including that fiscal cliff that you mentioned. taxes and budget problems that could kick in by the end of this year. >> i am looking forward to reaching out and working with leaders of both parties to meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama's already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and the 2% payroll tax cut expiring, a big cut in medicare payments, and your taxes going up january 1 if congress doesn't act. plus, another $500 bill
CBS
Nov 8, 2012 5:00am PST
analysis of obama's victory and the "fiscal cliff" on moneywatch.com of the we break it out by how much money you earn. >> all right. we'll have to check that out. jill schlesinger, editor at large for cbsmoneywatch.com. thank you. >>> don't look now but guess who is doing a little rain dance. >> yes! >> it's not pretty. [ laughter ] >> looks like we have some unsettled weather moving into the bay area right now. fairly quiet on our hi-def doppler. but we are expecting that to change throughout the day today. a cold front is swing through overnight. that's ushered in some cool and brisk and breezy conditions now. but there's rainfall in far northern california. you see that cold front moving by? but then look at this. you see the core of that low swinging closer into california. that is going to work its way down the coastline throughout the day today and bring a chance of rain. so grab the umbrella. grab a jacket. it's going to be one of those cool showery days especially as we head in toward the middle of the day and the afternoon and then looks like it could stay wet right in th
CBS
Nov 8, 2012 5:00am EST
are willing to compromise on a deal to avoid the fiscal cliff. president obama called leaders of both parties to start negotiations yesterday. house speaker republican john boehner says he's willing to compromise on raising some taxes to reduce the deficit. but only in conjunction with entitlement reform. vice president biden says the white house is willing to compromise as well. and local leaders are starting to weigh in. >> i think there is a huge opportunity that has to be seized in congress between now and the end of the year to find a path forward so that we can avoid some of the catastrophic consequences of either deep sequestration cuts or willynilly expiring of the bush tax cuts. >> that was tim kaine clearly signals he thinks a deal can be done by the end of december. in the meantime john delaney joined 9news now last night. he thinks it's the job of the new incoming congress to solve the debt problems, and he's hoping lawmakers on capitol hill will avoid the big decisions now and defer until new lawmakers can be sworn in. that's going to be a huge debate we're going to see o
MSNBC
Nov 8, 2012 9:00am EST
. >>> now back to the fiscal cliff face-off. president obama and speaker boehner said all the right things about trying to avoid the worst case scenario but both sides also made a to interpo draw some lines. the question is are they in the sand? are they painted? is there going to be easily blown away? we'll see. capitol hill correspondent kelly o'donnell, you're back. guess what, kelly? there's no vacation. there's no post-election rest. we're diving right in. read between the lines for me here. what did you hear and listen to yesterday? >> i was pacing myself for that no break so i'm ready to go. what i heard, especially coming back from some battleground states, is this does matter to people. the term fiscal cliff may be an awkward term in some respects but voters know about it and certainly in washington, it will dominate our conversation going forward. you had both harry reid and john boehner ready to go here, talking about this and they did begin with a tone that suggests a willingness to work together. kind of a post-election glow. but there are real differences. when you hav
NBC
Nov 8, 2012 4:30am PST
to do with your money. nbc's tracie potts has details on the nation's looming fiscal cliff. >>> i am looking forward to reaching out to both parties and meet the challenges we can only solve together. >> reporter: fresh off his election victory, president obama has already been on the phone with top democrats and republicans in congress urging them to compromise before america falls off the fiscal cliff. what's that? long-term unemployment benefits and 2% payroll tax cut expiring. a big cut in medicare payments and your taxes going up january 1 if congress doesn't act. plus another $500 billion in cuts at the pentagon. boeing, the military's second largest supplier, already announced a second round of executive layoffs. >> nobody wants to see this fiscal cliff without a deal, because the cuts are severe and the tax increases are severe and so we've got to find a path forward. >> reporter: on capitol hill, leaders signalled compromise. >> compromise is not a dirty word. i want to work together but i want everyone to also understand you can't push us around. >> i'm not suggesting we co
Search Results 0 to 49 of about 169 (some duplicates have been removed)